i3-Mechatronics Fair: Progress in Improving Utilization Rates

研报英文原文证据摘录

i3-Mechatronics Fair: Progress in Improving Utilization Rates

Update

July 22, 2026 09:24 AM GMT

Morgan Stanley Asia Limited+MYaskawa Electric (6506) | Japan Lisa Jiang

Equity Analyst

i3-Mechatronics Fair: Progress in Lisa.Jiang1@morganstanley.comMorgan Stanley MUFG Securities Co., Ltd.+ +852 2239-1282

Takeshi Kitaura

Equity AnalystImproving Utilization Rates Takeshi.Kitaura@morganstanleymufg.com +81 3 6836-5427

Takumi Okano

We attended Yaskawa Electric’s i3-Mechatronics Fair. While sales of autonomous AI Research Associate

robots appear to be progressing gradually, the event confirmed steady advances in Takumi.Okano@morganstanleymufg.com +81 3 6836-8411

cutting-edge R&D, with many exhibits leveraging AI technologies. At the Tokyo

Robotics booth, a robot incorporating a new actuator design was showcased. By

increasing motor torque, the company succeeded in reducing the size of the

planetary gearbox, enabling more flexible movements better suited to humanoid

applications. Management indicated that its humanoid robots are targeting higher Yaskawa Electric (6506.T, 6506 JT)

value-added use cases and are also being developed for overseas markets, including Factory Automation | Japan

China. A robot demonstration utilizing agentic AI showcased Gemini AI–based voice Stock Rating Overweight

recognition, enabling the robot to autonomously pick randomly placed objects. The Industry View Attractive

Price target ¥7,500

robot also demonstrated a high degree of autonomy by retrying tasks after Shr price, close (Jul 22, 2026) ¥5,213

unsuccessful attempts. Alliom, the company’s AI subsidiary, appears to be Mkt cap, curr, basic (bn) ¥1,352.1

Avg daily trading value (bn) ¥22.4

developing roughly 10 applications annually. Management also provided an

operational update.